China Huarong Asset Management Co. said state-owned Citic Group will replace the Ministry of Finance as its largest shareholder, marking the latest step in the overhaul of the troubled bad-debt …
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Ukraine war: risk of sanctions puts China stocks in valuation, geopolitical traps as companies face Russia dilemma
Chinese stocks are on ‘cheap sale’ after a US$2.4 trillion sell-off in both onshore and offshore markets since Russia invaded Ukraine What investors cannot price, however, is the risk of sanctions on …
China locks down Shanghai as Omicron fuels record surge in COVID cases
Locking down the entire global financial hub’s population of 25 million all at once was deemed too big a risk, so it has been split in half for a phased shutdown.
Colombo asks Beijing for another .5 billion in loans
The amount would be added to the 2.8 billion the Chinese have granted since the outbreak of the pandemic. New economic agreements also with India. Blackouts continue due to lack of fuel.
Tesla halts production in Shanghai as COVID lockdowns split China’s financial capital in two
Health authorities in Shanghai placed half of the Chinese financial capital under COVID lockdown Monday, essentially dividing the city of 26 million into east and west districts, separated by the …
China’s financial hub Shanghai to be put under phased lockdown to curb surging Omicron cases
China’s financial hub Shanghai will be put under a phased lockdown from today to curb the Covid-19 outbreak caused by a highly transmissible Omicron variant that has hit China with its highest …
China’s Shanghai launches two-phase lockdown as COVID surges
China’s financial hub of Shanghai launched a two-stage lockdown of its 26 million people on Monday, closing bridges and tunnels, and restricting highway traffic in a scramble to contain surging …
China’s Central Bank May Gradually Shift Away From RRR Cuts
The People’s Bank of China may soon need to move away from using the reserve requirement ratio as a tool to spur liquidity and growth in the economy since it’s already at relatively low levels…
China’s central bank continues to inject liquidity via reverse repos
China’s central bank on Monday continued to pump cash into the banking system via reverse repos to maintain liquidity. The People’s Bank of China injected 150 billion yuan (about 23.54 billion U.S.
China’s financial hub Shanghai starts 9-day COVID lockdown
China’s financial hub of Shanghai came under lockdown for nine days starting Monday, with each half of the city to be shut down in …
China Bank Capital tops 2021 debt league table, continues to strengthen the domestic capital markets
China Bank Capital maintained its position as the leading investment bank in the domestic debt capital markets and the number one bookrunner for fixed income deals in the Philippines.
China Bourse May Find Support At 3,200 Points
The China stock market has finished lower in back-to-back sessions, sinking almost 60 points or 1.8 percent along the way. The …
China Bank Savings tapped in financing auto loans
China Bank Savings Inc. (CBS) and multi-brand auto dealer group Grand Canyon Multi Holdings Inc. (GCMH) recently expressed optimism that the brisk return of mobility signals toward consumer confidence …
